vu mgt602 Mid Term - Quiz No.13
vu mgt602 Entrepreneurship Quiz
This quiz belongs to book/course code vu mgt602 Entrepreneurship of vu organization. We have 16 quizzes available related to the book/course Entrepreneurship. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Mid Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: Which statement of the following relates with the ultimate goal of Business?
Vision Statement
Mission Statement
Goal Statement
Profit Statement
Question 2: Which one of the Following is the way by which an entrepreneur can enter into international business?
Export
Non equity arrangements
Direct foreign investment
All of the given options
Question 3: Which of the following is alternatively called corporate venturing?
Entrepreneurship
Intrapreneurship
Act of stating a new venture
Offering new products by an existing company
Question 4: Which one of the following is a sound strategic option for an entrepreneur when synergy is present?
Merger
Joint venture
Minority interest
Majority interest
Question 5: Which of the following is a powerful marketing tool for expansion of business in new market?
Licensing
Product safety
Insurance
Copy rights
Question 6: Which one of the following makes formation of new ventures within a corporate structure difficult?
Lack of intrapreneurial talent
Lack of freedom to make autonomous decisions
Lack of market opportunity
Lack of knowledge
Question 7: Which one the following is the best protection against product liability?
Avoid negligence
Warn consumers of any potential hazards
Give warranty
Avoid misrepresentation
Question 8: Which of the following shows the characteristic of line of credit?
Less commonly used
Involvement of commitment fee
Can be replaced with Long term loan
Better option for perishable inventory
Question 10: Which of the following statements describes Domestic entrepreneurship?
It is the process of an entrepreneur conducting business activities across national boundaries
It is the process of an entrepreneur conducting business activities within the national boundaries
It is an innovative corporate management style that encourages employees within an organization to create new product ideas
It is a business structure in which an individual and his company are considered a single entity for tax and liability purposes
